Kindred Shares Over $1 Million With Members

Kindred
Credit Union is pleased to announce that it recently shared $1,040,000 from its 2019 earnings with members. Each
year Kindred allocates a significant portion of its annual earnings to return
to members through its Profit Shares program. In fact, over the last 10 years Kindred
has shared over $12 million with members.

As
a values-centred, faith-inspired financial cooperative, we’re called to manage
the funds entrusted to us with integrity as we walk with our members on their
journey to be good stewards of their finances. For Kindred, stewardship also
means choosing to give back to our members and the communities in which we live
and work. And in the midst of the COVID-19 pandemic, this is more important now
than ever.

The Profit Shares calculation considers members’ deposit and loan business with the credit union. All members receive a minimum of $5 in Profit Shares each year, and many receive much more.

We believe that sharing our success is the right thing to do. It’s part of who we are and how we live out our purpose.

“Kindred is built on our members’ success, and it’s their commitment that allows our credit union to thrive,” notes Ian Thomas, Kindred’s Chief Executive Officer. “We believe that sharing our success is the right thing to do. It’s part of who we are and how we live out our purpose.”

Kindred’s
Board of Directors approved the 2019 Profit Shares amount late last year based
on very positive financials that included a successful Investment Shares offering
where Kindred raised $25 million in capital. While the current financial
environment is changing rapidly amid the COVID-19 crisis, Kindred’s history of
weathering financial uncertainty during times of crisis can be attributed to
prudent fiscal responsibility and members’ unwavering support of their credit
union.

At Kindred Credit Union, we believe you have a better choice for banking – a place where your money can be a force for good. We're a member-owned financial cooperative based in Kitchener, Ontario. Our values-centred approach is woven into everything we do and makes us the one-of-a-kind choice for people who want to connect their values and faith with their finances. Join the conversation on social media or learn more at kindredcu.com.